v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income taxes includes U.S. federal, state, local and foreign taxes. A reconciliation of the Company’s statutory federal income tax rate to the effective income tax rate is summarized in the following table:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
U.S. federal statutory tax rate21.0 %21.0 %21.0 %21.0 %
State and local income taxes, net of federal benefit3.0 3.0 3.0 2.9 
Nontaxable or nondeductible items:
Nondeductible executive compensation1.6 1.5 1.4 2.2 
Excess tax deficiencies (benefits) related to the vesting and delivery of restricted stock units— *0.4 0.8 (3.1)
Valuation allowance(0.8)(0.2)(0.5)(0.2)
Changes in unrecognized tax benefits0.1 (0.5)0.1 (0.5)
Effect of cross-border tax laws0.1 — *0.1 — *
Foreign tax effects— *(0.4)0.1 (0.2)
Other— *(0.1)0.1 — *
Effective income tax rate25.0 %24.7 %26.1 %22.1 %
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*    Percentage rounds to less than 0.1%.